BQ Big Decisions: For Novice Investors, Spending Money Is More Important Than Saving. But Why?
Learning how to spend is the first step to a healthier financial life.
The BQ Big Decisions podcast gets you the insight you need to make big money decisions with confidence.
When should you buy a house, if at all? Should you invest in equity every month? Aren’t fixed deposits the safest investment option? When should you buy life insurance and how much should your cover be?
Over the next few weeks and months, BQ Big Decisions will help you get answers to all these questions and more. But first, investors need to create a strong foundation — that will help optimise their monthly savings.
Certified Financial Planner Harshvardhan Roongta of Roongta Securities, said novice investors should be encouraged to spend before they are asked to save.